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The latest announcement is out from Rock Tech Lithium ( (TSE:RCK) ).
Rock Tech Lithium’s Guben Converter project in Germany has been designated as a Strategic Project by the European Commission under the EU Critical Raw Materials Act. This recognition highlights the project’s importance in the European battery materials supply chain, aiming to produce 24,000 tonnes of battery-grade lithium hydroxide annually, sufficient for over 500,000 electric vehicles. The designation positions Rock Tech as a key player in Europe’s green industrial future, with the European Commission providing financial support to selected projects, enhancing the company’s strategic value and commitment to sustainable lithium supply.
More about Rock Tech Lithium
Rock Tech Lithium is focused on supplying the electric vehicle and battery industry with sustainable, locally produced lithium. The company aims to achieve a 100% recycling rate and plans to build lithium converters near its customers, starting with a proposed Lithium Hydroxide Converter in Guben, Germany, and another in Red Rock, Ontario, Canada. Rock Tech sources raw materials from its Georgia Lake spodumene project in Ontario, Canada, and other ESG-compliant mines, with a goal to create a closed-loop lithium production system.
YTD Price Performance: 18.45%
Average Trading Volume: 51,260
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$127M
Learn more about RCK stock on TipRanks’ Stock Analysis page.
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